FORA Capital LLC Raises Stake in Zillow Group, Inc. (NASDAQ:Z)

FORA Capital LLC increased its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 278.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,144 shares of the financial services provider's stock after acquiring an additional 11,879 shares during the period. FORA Capital LLC's holdings in Zillow Group were worth $1,195,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock worth $113,941,000 after buying an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Zillow Group in the fourth quarter worth approximately $7,375,000. Vinva Investment Management Ltd bought a new position in Zillow Group in the 4th quarter valued at approximately $1,187,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the fourth quarter valued at $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Zillow Group by 18.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after acquiring an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $67.93 on Friday. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The firm has a market capitalization of $16.48 billion, a P/E ratio of -144.53, a P/E/G ratio of 9.24 and a beta of 2.23. The business's 50-day moving average is $67.72 and its 200 day moving average is $73.46.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on Z. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $83.71.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,919 shares of company stock valued at $5,744,978. 25.03% of the stock is owned by company insiders.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.

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